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Community: Investing Wiki

Term Of The Hour

testamentary trust: Original post by Brian Huber of Demand Media A testamentary trust comes into existence as a result of a person’s death. The trust’s purpose is holding property for the benefit of someone else. A trust reports capital gains using a Schedule D that is similar to the Schedule D for reporting gains on personal income tax returns. Determination of capital gain or loss for a trust is the…

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